EKF and KfW IPEX-Bank team for second Uruguayan wind farm

Trade & Export Finance

KfW IPEX-Bank, the international export and project financier, has collaborated with Danish export credit agency Eksport Kredit Fonden (EKF) to provide senior-debt financing for the 50 megawatt (MW) Florida II wind farm project in Uruguay. It represents the second time the pair has teamed up to finance a wind farm in the country, following the non-recourse financing of the 42MW Minas wind farm in Lavalleja back in August 2013.

EKF’s Ole Lindhardt tells TXF: “There’s a very good working relationship there [with the project’s sponsors and financiers]. There was a lot of trust built up in the Minas financing, which allowed this one to go through smoothly and quickly. Who knows, maybe there’ll be another one in the future.”

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